• RubberDuck@lemmy.world
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    16 days ago

    The loans allowed colleges to raise tuitions by astronomical levels. The answer is regulate their pricing and the cancel.

    • Capricorn_Geriatric@lemmy.world
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      16 days ago

      If the loans were cancelled, it just means the borriwer doesn’t get to act upon the loan and get back his money - no taxpayer money needed.

      • RubberDuck@lemmy.world
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        16 days ago

        Are the loans not privately Held? Cause the government cancelling loans held by companies would be unreasonable seasure, and require reimbursement.